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Who buys South Korea’s cargo and passenger ships? Export destinations 2024

In 2024, South Korea exported $25.2 billion of cargo and passenger ships (11.3 million tonnes), 29.6% of the world total. Its main destinations were Liberia (21%), Singapore (14%) and the Marshall Islands (10%). South Korea was the world’s 2nd-largest exporter of cargo and passenger ships.

Summary

Value
$25.2billion
Tonnes
11.3million tonnes
Share of world total
29.6%
World rank
2nd
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
Liberia5.2Tonnes: 1,533,288USD per tonne: $3,39820.6%Sea
Singapore re-exports3.5Tonnes: 3,134,756USD per tonne: $1,11013.8%Sea
Marshall Islands2.6Tonnes: 1,010,845USD per tonne: $2,56110.3%Sea
France2.2Tonnes: 1,318,007USD per tonne: $1,6898.8%Sea
Bermuda1.9Tonnes: 651,420USD per tonne: $2,9557.6%Sea
Denmark1.7Tonnes: 75,396USD per tonne: $22,9856.9%Sea
Malta1.6Tonnes: 554,605USD per tonne: $2,9116.4%Sea
Germany1.4Tonnes: 451,700USD per tonne: $3,0235.4%Sea
India0.98Tonnes: 41,487USD per tonne: $23,5713.9%Sea
Greece0.95Tonnes: 382,035USD per tonne: $2,4793.8%Sea
Panama0.88Tonnes: 368,088USD per tonne: $2,3933.5%Sea
Poland0.39Tonnes: 204,995USD per tonne: $1,8861.5%Sea
Portugal0.37Tonnes: 90,978USD per tonne: $4,0711.5%Sea
Hong Kong re-exports0.33Tonnes: 360,410USD per tonne: $9161.3%Sea
China0.22Tonnes: 515,664USD per tonne: $4240.87%Sea
Italy0.2Tonnes: 124,805USD per tonne: $1,5950.79%Sea
United Kingdom0.18Tonnes: 55,168USD per tonne: $3,2670.71%Sea
Belgium re-exports0.15Tonnes: 88,489USD per tonne: $1,6900.59%Sea
Bahamas0.11Tonnes: 21,142USD per tonne: $5,0390.42%Sea
Netherlands re-exports0.07Tonnes: 25,334USD per tonne: $2,7760.28%Sea

Trend

Who it sells to

Liberia has been its main destination since 2024

Value in USD billions. The five largest destinations in 2024.

  • Liberia 5.2
  • Singapore 3.5
  • Marshall Islands 2.6
  • France 2.2
  • Bermuda 1.9

Source: CEPII BACI

Show the numbers
Partner19952024
Liberia15.2
Singapore0.263.5
Marshall Islands02.6
France0.112.2
Bermuda0.051.9

Sources and methodology

Other products of this country

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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